Walmart may rise to 69.70 - 71.20

Our pivot point stands at 62.8.

Our preference

The upside prevails as long as 62.8 is support.

Alternative scenario

The downside breakout of 62.8 would call for 60.3 and 58.8.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 62.4825 and 60.9934).

Supports and resistances

72.7 **

71.2 *

69.7 **

68.2

64.89 (USD-last)

63.8

62.8 **

60.3 *

58.8 **

Number of asterisks represents the strength of support and resistance levels.